Employees are required to participate in at least two wellness activities each month.

These activities can include:

Completing a Wellness Evaluation

Preventive doctor or dentist visits

Consulting with any of our wellness professionals

Even basic correspondence with our wellness professionals will count

Census

We start by collecting the Employee Census.

This includes such information as: Marital status, W4 dependents, gross salary, pay frequency, etc. At this time no personally identifying information is needed.

Next, your agent sends this information to the Next Health Plan corporate office.

Your Proposal Documents will be ready within 24 to 48 hours.

Proposal Documents will detail which employees qualify, the amount allocated to their PLUS Accounts, and overall tax savings.All employees will have the opportunity to participate, but not all will qualify.

Participating employees will use a pre-tax transaction to start the Wellness Plan.

The PLUS Account amounts are calculated by subtracting the employee's taxes before from their taxes after. In this example the PLUS Account is valued at $198.73, which was found by subtracting $748.43 in taxes from $549.70.

The average PLUS Account value is over $150.

PLUS Accounts cannot be withdrawn and can only be used to purchase Supplemental Insurance Coverage through payroll deduction.

As long as the employee doesn't exceed their PLUS Account balance, their take home pay will be the same as it was before.

Insurance

Employees who qualify for tax savings are shown their PLUS Account total and their enrolling agent helps them select the type of Supplemental Insurance Coverage which would be meet their needs and the needs of their families.

Employees who do not qualify may choose to elect Supplemental Insurance Coverage, but must pay the premium through payroll deduction without the use of PLUS Account dollars.Supplemental Insurance Coverage available for purchase with PLUS Account dollars includes:

Basic Benefits such as Doctor Visits and Basic Dental/Vision

GAP coverage to help with out-of-pocket expenses

Indemnity products to help supplement health plans

Accident Medical Expense plans

Critical Illness plans

Life insurance

Employer Tax Savings

Offering SelectWellnessPlus can result in immediate tax savings for the employer. Reducing the employee's taxable income creates instant payroll tax savings for the employer, on average around $525 per employee per year.

An employer with ten employees could see annual tax savings of $5,250. If you have 25 employees you could save $13,125 per year. If you have 50 employees, the savings could be $26,250, and with 100 employees you could save $52,500 each year.

David Ross is a licensed life & health insurance agent representing heath insurers National General, Manhattan Life, and New Era / Philadelphia American, as well as numerous life insurance carriers. David Ross is an Independent Associate and Director of LegalShield.

LegalShield, New Era/Philadelphia American, PrimeStar, Manhattan Life, Voya Financial, Banner Life, Transamerica, Protective Life, Securian/Minnesota Life, Cincinnati Life, Illinois Mutual, Mutual of Omaha, and National General are each separate business entities and are not affiliated with each other.